"Export orders have improved, and output is expected to continue growing as we head into the New Year. However, the otherwise solid outlook for UK manufacturers is tempered by a challenging global backdrop ," said Rain Newton-Smith, the CBI director for economics.
"With euro zone growth disappointing and some emerging markets facing a tough time, firms need to look harder for opportunities to ramp up exports to high-growth sectors across the globe ," he concluded.
Data did not have any major impact on the markets, with Sterling currently being traded few points above 1.5660 level. Later today, in the US session, Empire State Manufacturing Index and Industrial Production figures will be released.
